Bulb ‘at risk of going bust’ hitting 1.7million energy customers as ‘regulators on standby’ over collapse

CUSTOMERS are being warned that Bulb could be the next energy supplier to go bust.

The UK’s seventh largest energy firm is reported near collapse, risking leaving 1.7 million customers in the dark.

GettyIt has been reported that Bulb could be the next energy firm to collapse[/caption]

Sky News reports that officials and regulators are on standby for Bulb to announce it will cease trading as early as next week.

It would be the latest in a string of providers to collapse.

Many firms are struggling to cope with soaring wholesale energy prices.

Households are feeling the pinch too, as the energy price cap has recently increased adding £139 to the average bill.

Those who have already seen their supplier go bust have seen their bills hiked.

More to follow…

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